Who is the current Director General of the WTO?
- Who is the current Director General of the WTO?
- What is the organizational structure of the WTO?
- Which country is not a member of the WTO?
- Where is the World Trade Organization located?
- What are the objectives of the WTO?
- When was the WTO created?
- What is the role of the WTO in settling trade disputes?
- What is the difference between the GATT and the WTO?
Ngozi Okonjo-Iweala Ngozi Okonjo-Iweala is the seventh person to hold the position of Director General of theWTO. She took office on March 1, 2021, becoming the first woman and the first African to be appointed Director General.
L’WTO is led by governments that are members. All the big decisions are taken by the full membership, either at ministerial level (who meet at least every two years) or at ambassadorial and delegate level (who meet regularly in Geneva).
A big part of the country hydrocarbon producers have had an admission to theWTO or late GATT (Russia, Saudi Arabia) or not are always not in L’WTO (Iran, Iraq, Algeria, Turkmenistan, Libya).
The Secretariat of theWTOwho is located in Geneva, is composed of approximately 624 civil servants and is headed by a Managing Director.
It now has 164 members and thus oversees almost all global trade. The objective of the WTO is the opening of trade, which requires the removal of customs barriers, but also free competition by removing export subsidies or protectionist practices.
The WTO was born on January 1, 1995, after the signing of the Marrakesh agreements in April 1994, which closed the Uruguay Round (negotiation round within the framework of the GATT which lasted 19). It now has 164 members and thus oversees almost all global trade.
In addition to its role as a forum for negotiations, the WTO is also responsible for settling trade disputes between its members. The organization thus has a Dispute Settlement Body (DSB) which, in the event of failure of negotiations between two member entities, appoints a panel of independent experts responsible for examining the case.
While the GATT agreements mainly concerned the liberalization of trade in goods, the WTO also covers the liberalization of services and establishes intellectual property rules at the international level.